Converted Organics (COIN) is out this morning pumping up its stock, saying that they have received re-orders for its organic granular and liquid fertilizers from a variety of customers. Converted Organics Inc. (NASDAQ:COIN) announced today that the Company has received re-orders for its organic granular and liquid fertilizer products from a wide spectrum of existing customers, including golf courses and country clubs, lawn care professionals, and agricultural growers.
“Our customers report being extremely pleased with … Read the rest
A study performed by Archer Daniels Midland Company and Fermanian Consulting, LLC showed that Converted Organics’ Turf Blend 6-0-0 outperformed both synthetic and natural competitors when it comes to growing golf course turf. The study compared Converted Organic’s product to urea and sulfur coated urea, NaturStim Liquid and granular treatments, Milorganite, L-Soy 9 and NaturStim Granular.
In a press release, representatives from Converted Organics and Fermanian Consulting commented on the results:
Shares of Converted Organics (COIN), which continue to look bullish, are up another 10% in premarket trading following a press release from the company stating that their revenues for the first half of 2009 are tracking 50% higher than the year ago period.
“Converted Organics is very pleased that our revenue continues to increase as a result of our achievements to date this year, specifically sales from our Gonzales, California facility and the progress made … Read the rest
Yesterday Converted Organics (COIN) soared nearly 50% with near record volume with no news (at least that I have been able to find). Perhaps the news will come out later. There is news out this morning that customers are seeing positive results with their organic fertilizers and placing additional orders which insiders may have acted on. Hard to say. At any rate, the move is exceptionally bullish as the stock cleared the 50 day moving … Read the rest
Converted Organics just announced that it has received a permit from the MA Department of Environmental Protection for its Sutton, MA food waste processing facility. Like Converted Organic’s facility in Woodbridge, New Jersey, this facility will turn food waste into fertilizer for plants.
In a company press release, Edward J. Gildea, President of Converted Organics, explained the significance of the permit:
“The development of a Converted Organics food waste processing facility in Sutton, Massachusetts … Read the rest
Converted Organics just announced that they have shipped 46 tons of their organic fertilizers and soils amendments to a major retail chain. The products, which are made from recycled food wastes, will be available for gardeners to purchase in time for the spring planting season. Over the next few days, Converted Organics will ship even more product out, with an additional 55 tons of fertilizer scheduled to reach the same chain by March 6.
Coverted Organics (COIN) just surged about 10% intraday on news of a strategic partnership with Archer Daniels Midland (ADM) to develop organic liquid based and solid fertilizers for use in the professional turfgrass market and will have access to ADM’s patent pending technology.… Read the rest
Converted Organics (COIN) is announcing this morning that their complete line of organic fertilizers will be available at hundreds of independent garden centers, nurseries and specialty stores across the country through a partnership with Gro Group who will distribute the fertilizers.
“Converted Organics’ partnership with Gro Group will be instrumental in satisfying the nationwide consumer demand for our organic fertilizer products for the spring 2009 growing season,” said Richard P. Aleo, Executive Vice President of … Read the rest
“The Home Depot® opportunity represents a tremendous chance to expand the availability of high-quality organic fertilizer to consumers,” said Edward J. Gildea, President of Converted Organics. “That The Home Depot® would agree to carry our Lawn and Turf fertilizer is a significant event for Converted Organics. We are completing the … Read the rest
Converted Organics announced yesterday that it would grant shareholders a dividend of 3 shares of common stock for each 20 shares of common stock. Dividends will be paid to all shareholders who have at least 20 shares of the stock on November 17, 2008 and will be paid December 1st, 2008.
According to Edward Gildea, President of Converted Organics,
"Converted Organics believes that the current price of its common stock does not reflect the long-term